Celestica (NYSE:CLS) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Celestica from “Buy” to “Hold.” Despite the change, analyst consensus remains “Buy,” with an average price target of $445.14.
• Shares fell 5.6% to $239.89 in Friday trading, well below their 52-week high of $474.02.
• Celestica beat quarterly estimates, reporting EPS of $3.30 versus $3.02 expected and revenue of $5.74 billion versus $5.39 billion expected. The company’s CEO and president also recently sold shares.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday, Wall Street Zen reports.

CLS has been the topic of a number of other research reports. BWS Financial reissued a "buy" rating on shares of Celestica in a research report on Tuesday, July 28th. Bank of America reaffirmed a "buy" rating on shares of Celestica in a research report on Wednesday, July 29th. Wolfe Research increased their price objective on shares of Celestica from $425.00 to $475.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. TD Cowen reiterated a "buy" rating on shares of Celestica in a research note on Tuesday, October 27th. Finally, Barclays boosted their price objective on shares of Celestica from $406.00 to $414.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $445.14.

Celestica Trading Down 5.6%

CLS traded down $14.14 during trading on Friday, reaching $239.89. The company had a trading volume of 3,610,264 shares, compared to its average volume of 3,812,398. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $311.43 and a 200-day simple moving average of $327.38. The stock has a market cap of $30.25 billion, a P/E ratio of 22.70, a PEG ratio of 1.78 and a beta of 2.10. Celestica has a 52 week low of $197.50 and a 52 week high of $474.02.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.28. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%. On average, equities analysts anticipate that Celestica will post 10.97 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other news, President Todd C. Cooper sold 20,118 shares of the business's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the sale, the president owned 73,252 shares in the company, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the business's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Institutional Trading of Celestica

Institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its holdings in shares of Celestica by 2,193.8% in the third quarter. Marshall Wace LLP now owns 680,650 shares of the technology company's stock worth $246,180,000 after buying an additional 650,977 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Celestica by 21.4% during the third quarter. Empowered Funds LLC now owns 1,071 shares of the technology company's stock valued at $387,000 after buying an additional 189 shares during the last quarter. Shannon River Fund Management LLC increased its position in shares of Celestica by 8.1% in the 3rd quarter. Shannon River Fund Management LLC now owns 151,321 shares of the technology company's stock valued at $54,692,000 after acquiring an additional 11,357 shares during the period. Kovack Advisors Inc. increased its position in shares of Celestica by 72.0% in the 3rd quarter. Kovack Advisors Inc. now owns 5,292 shares of the technology company's stock valued at $1,943,000 after acquiring an additional 2,215 shares during the period. Finally, Advisory Alpha LLC purchased a new position in Celestica in the 3rd quarter worth $433,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica News Summary

These are some of the CLS news items that stood out recently:

• Positive Sentiment: A growth-investor feature highlights Celestica’s above-average financial growth as a reason it may outperform, reinforcing optimism around its business trajectory. 3 Reasons Growth Investors Will Love Celestica
• Positive Sentiment: Options activity was unusually high, with traders buying 18,233 call options—about 23% above average. This may indicate increased bullish positioning, though options flows are not a reliable forecast of share performance.
• Neutral Sentiment: A comparison with Sanmina notes both companies are expanding AI-infrastructure capabilities, while growth, profitability and valuation may distinguish them. It offers competitive context but no clear near-term catalyst for CLS. CLS vs. SANM: Which Stock is Better Positioned for the AI Boom?

About Celestica

Celestica Inc. is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support. The company's offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.